Pictet Asset Management Holding SA Has $2.64 Million Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Pictet Asset Management Holding SA cut its position in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,392 shares of the company’s stock after selling 891 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Norwegian Cruise Line were worth $2,635,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NCLH. Nomura Asset Management Co. Ltd. raised its holdings in Norwegian Cruise Line by 12.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 6,995 shares of the company’s stock valued at $180,000 after buying an additional 760 shares during the last quarter. Norges Bank acquired a new position in Norwegian Cruise Line in the 4th quarter valued at approximately $113,156,000. Blair William & Co. IL bought a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $243,000. NEOS Investment Management LLC lifted its holdings in shares of Norwegian Cruise Line by 29.8% during the fourth quarter. NEOS Investment Management LLC now owns 27,083 shares of the company’s stock worth $697,000 after purchasing an additional 6,223 shares during the period. Finally, WINTON GROUP Ltd grew its stake in shares of Norwegian Cruise Line by 63.7% in the fourth quarter. WINTON GROUP Ltd now owns 49,789 shares of the company’s stock worth $1,281,000 after purchasing an additional 19,372 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NCLH has been the topic of several recent research reports. Jefferies Financial Group started coverage on Norwegian Cruise Line in a report on Monday, March 31st. They set a “buy” rating and a $25.00 target price on the stock. Morgan Stanley upgraded shares of Norwegian Cruise Line from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $27.00 to $22.00 in a report on Friday, March 21st. The Goldman Sachs Group set a $34.00 price objective on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Macquarie lifted their price objective on Norwegian Cruise Line from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. upgraded Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Monday, March 17th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and an average price target of $28.28.

Norwegian Cruise Line Stock Performance

NCLH opened at $15.67 on Friday. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.24 and a beta of 2.27. The company’s fifty day moving average price is $23.01 and its two-hundred day moving average price is $24.28. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $14.50 and a 1-year high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Norwegian Cruise Line Company Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.